Los Angeles, California, Marijuana Regulation and Taxation Referred Ordinance, Measure M

The City of Los Angeles Recently Passed Measure M – Marijuana Regulation and Taxation Referred Ordinance:

Here is a break down for the taxes:

The proposition establishes the following gross receipt tax rates for commercial cannabis activity, effective January 1, 2018:

• $100 per each $1,000 of gross receipts from sales of cannabis and/or cannabis products;

• $50 per each $1,000 of gross receipts from sales of medical cannabis and/or medical cannabis products;

• $10 per each $1,000 of gross receipts from transport, testing or research of cannabis and/or cannabis products;

• $20 per each $1,000 of gross receipts from manufacture or cultivation of cannabis and/or cannabis products; and

• $20 per each $1,000 of gross receipts from the commercialization of cannabis and/or cannabis products not specifically taxed under the rates specified above.

Click the link below for the complete article:

 

https://ballotpedia.org/Los_Angeles,_California,_Marijuana_Regulation_and_Taxation_Referred_Ordinance,_Measure_M_(March_2017)